Diamond Creek Apartments, Dallas TX - 272 units - paid only $14,500/door - Looking for Accredited Partners - Min. $100K investment

  • Ficaccio

    Status: REIN™ Member

    Posts: 44
    Joined: 8 Sep 2007

    Hi Everyone,

    I am a Diamond REIN Member and have been with REIN for 9 years.  I was investing solely in Alberta for several years, but 2 years ago expanded my business to the US, in particular, multifamily in Dallas, Texas.

    My partner, Patrick Gergen and I just got back from Dallas where we were overseeing our newest project called Diamond Creek Apartments.  It is 272 units and we are excited to take on the challenge of re-stabilizing this property!  This is our 3rd large property in Dallas since May, 2011 and we have now purchased 618 units in total.

    We have started the process of hiring marketing staff, a rent collector, developing a high tech security plan, and finishing eviction procedures for the “bad” tenants, etc.  Our wonderful new Manager, Claudia also started working in the office a few weeks back who seems like she will be a great asset to our team!

    Children’s programs are in place and running, security cameras have been installed, evictions have been completed, a marketing plan has been put into place, gates have been repaired and are now operational, office renovations are almost completed, maintenance issues have been dealt with and interior suite renovations have begun.

    What an exciting project this is!  We also now have a Corporate and a Regional Office in Diamond Creek, so we and our Regional Property Manager are right on site!  So, everything is moving along well and as planned.

    Please email me so I can send you our presentation on this project and let me know if you have further questions.  I can also attaching our investor overview which shows how this project is structured for investors and how you get your original investment back, but retain your ownership.  Included as well are our Partner Bios and an article from Globestreet.com from when they interviewed Patrick just before closing the property. 

    Please check out our new web site: www.MultifamilyAlliance.com and be sure to click on the 7 minute Dallas Texaplex video to explain why we are investing in that area.  Let me know what you think!  Would love your feedback.

    I appreciate you taking the time to read through this email and I would love to go into more detail with you about the benefits of investing in multifamily projects.  For the Diamond Creek project, we are looking for accredited partners with a minimum $100,000 investment.

    Please let me know if you have any further questions or would like to meet for coffee to discuss.  I look forward to speaking with you soon!



    Madeleine Ficaccio, B.Comm.

    Chief Executive Officer

    Cell: 403.471.4337 (Calgary, Alberta, Canada)
    Fax: 403.239.8319

    Email: MadeleineF@MultifamilyAlliance.com
    Diamond REIN Member
    Top Player 2010 (REIN)
    Top Ten Alberta (South - REIN 2005, 2006, 2007)
    Renovator of the Year (Dan - South - REIN 2008)

    Investor of the Year Finalist (Canada Real Estate Magazine)


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